OTEX vs. AIT
OTEX (Open Text Corp) and AIT (Applied Industrial Technologies, Inc.) are both stocks. OTEX operates in Software - Application (Technology), while AIT operates in Industrial Distribution (Industrials). Over the past 10 years, OTEX returned -0.24%/yr vs 22.92%/yr for AIT. At a 0.30 correlation, their price movements are largely independent.
Performance
OTEX vs. AIT - Performance Comparison
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Returns By Period
In the year-to-date period, OTEX achieves a -26.63% return, which is significantly lower than AIT's 22.58% return. Over the past 10 years, OTEX has underperformed AIT with an annualized return of -0.24%, while AIT has yielded a comparatively higher 22.92% annualized return.
OTEX
- 1D
- -0.17%
- 1M
- 0.72%
- YTD
- -26.63%
- 6M
- -28.63%
- 1Y
- -13.82%
- 3Y*
- -15.27%
- 5Y*
- -10.96%
- 10Y*
- -0.24%
AIT
- 1D
- 0.09%
- 1M
- 2.85%
- YTD
- 22.58%
- 6M
- 21.61%
- 1Y
- 37.81%
- 3Y*
- 35.59%
- 5Y*
- 27.72%
- 10Y*
- 22.92%
OTEX vs. AIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTEX Open Text Corp | -26.63% | 19.25% | -30.41% | 45.42% | -35.89% | 6.28% | 4.87% | 37.48% | -7.10% | 17.26% |
AIT Applied Industrial Technologies, Inc. | 22.58% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
Correlation
The correlation between OTEX and AIT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 1998 | 0.30 |
The correlation between OTEX and AIT shifts across timeframes, from 0.12 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
OTEX:
$5.86B
AIT:
$11.92B
OTEX:
$2.04
AIT:
$10.56
OTEX:
11.59
AIT:
29.70
OTEX:
0.28
AIT:
0.93
OTEX:
1.15
AIT:
2.48
OTEX:
1.48
AIT:
3.99
OTEX:
$5.23B
AIT:
$4.84B
OTEX:
$3.70B
AIT:
$1.47B
OTEX:
$1.39B
AIT:
$563.38M
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Return for Risk
OTEX vs. AIT — Risk / Return Rank
OTEX
AIT
OTEX vs. AIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Open Text Corp (OTEX) and Applied Industrial Technologies, Inc. (AIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| OTEX | AIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.25 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.95 | -3.25 |
| Martin ratioReturn relative to average drawdown | -0.55 | 7.09 | -7.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OTEX | AIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 1.45 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.91 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.69 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.43 | -0.18 |
Drawdowns
OTEX vs. AIT - Drawdown Comparison
The maximum OTEX drawdown since its inception was -72.05%, which is greater than AIT's maximum drawdown of -66.47%. Use the drawdown chart below to compare losses from any high point for OTEX and AIT.
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Drawdown Indicators
| OTEX | AIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.05% | -66.47% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -47.21% | -12.86% | -34.35% |
Max Drawdown (3Y)Largest decline over 3 years | -49.64% | -26.42% | -23.22% |
Max Drawdown (5Y)Largest decline over 5 years | -57.15% | -26.42% | -30.73% |
Max Drawdown (10Y)Largest decline over 10 years | -57.15% | -59.29% | +2.14% |
Current DrawdownCurrent decline from peak | -50.70% | -0.49% | -50.21% |
Average DrawdownAverage peak-to-trough decline | -24.88% | -18.05% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.13% | 5.35% | +19.78% |
Volatility
OTEX vs. AIT - Volatility Comparison
Open Text Corp (OTEX) has a higher volatility of 13.80% compared to Applied Industrial Technologies, Inc. (AIT) at 6.65%. This indicates that OTEX's price experiences larger fluctuations and is considered to be riskier than AIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTEX | AIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.80% | 6.65% | +7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 28.43% | 19.13% | +9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.02% | 26.28% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.21% | 30.50% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.57% | 33.28% | -4.71% |
Dividends
OTEX vs. AIT - Dividend Comparison
OTEX's dividend yield for the trailing twelve months is around 4.60%, more than AIT's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.62% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
OTEX Open Text Corp | 4.60% | 3.30% | 3.62% | 2.35% | 3.13% | 1.78% | 1.59% | 1.53% | 1.80% | 1.43% | 1.44% | 1.61% |
Financials
OTEX vs. AIT - Financials Comparison
This section allows you to compare key financial metrics between Open Text Corp and Applied Industrial Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OTEX vs. AIT - Profitability Comparison
OTEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported a gross profit of 937.27M and revenue of 1.28B. Therefore, the gross margin over that period was 73.1%.
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
OTEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported an operating income of 201.21M and revenue of 1.28B, resulting in an operating margin of 15.7%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
OTEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Open Text Corp reported a net income of 172.65M and revenue of 1.28B, resulting in a net margin of 13.5%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
Frequently Asked Questions
OTEX and AIT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTEX has higher volatility (13.80%) compared to AIT (6.65%). In terms of maximum drawdown, OTEX dropped -72.05% vs AIT's -66.47%.
AIT currently has the higher Sharpe Ratio (1.45 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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